NWSOFA Fiscal and Economic Issues VIRTUAL Meeting

RSVP: https://act.indivisible.org/event/local-actions/164454

Attendance link:  https://us02web.zoom.us/j/82859573341?pwd=bE14dFE2azJpSy8wYUZOV2RGNkpPdz09

The NWSOFA Fiscal and Economic Issues group will meet VIRTUALLY on Tuesday, October 19th at 7 pm. The Zoom room will open by 6:50 pm. Come join us and share your thoughts.

The US is currently recovering from the deepest downturn since the Great Depression of the 1930’s with 5.0 million fewer jobs than last February as of the September employment report.

Over 4.8 million jobs have been added since January, although payroll job growth has slowed somewhat recently, including 194,000 jobs added in September.

To avoid a partial government shutdown on October 1, the US passed a continuing resolution to fund the government until early December.  Likewise the debt ceiling has been raised through early December.

It will be interesting to see how the return to in-person learning combined with a cutoff of federal UI benefits affects job and GDP growth over the next few months.

We will also discuss inflation and why the numbers so far don’t look troublesome, as well as forecasts for future GDP growth and inflation.

If you would like to contribute to NWSOFA to help fund our meetings, Zoom platforms, etc., you can do so at https://secure.actblue.com/donate/indivisiblenwsofa606065512?fbclid=IwAR2HJXjGJQMq1NuquKt29TWY3Spbz6KcHpPQ6AfaGkyoVvZFvLHolZG9BOs October donations are being matched.

You can view drafts of September’s PowerPoint presentations at
https://docs.google.com/presentation/d/1TULwmr9cWdawFMqBE2hOv6c_rwnG3bXk/edit?usp=sharing&ouid=118152796039843164051&rtpof=true&sd=true and
https://docs.google.com/presentation/d/1Fv3GPiNhOQ5itdUVaSScl-R3ZJzuz9Du/edit?usp=sharing&ouid=118152796039843164051&rtpof=true&sd=true